India to Block Crypto Exchange Websites in Widening Crackdown
Binance and eight other offshore exchanges received compliance show-cause letters from India’s Ministry of Finance for operating illegally and violating anti-money laundering regulations. According to a circular released on December 28, Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex were among the companies to which the notices were directed by India’s Financial […]
Binance Reintroduces USDC Trading Pairs After One-Year Break
Just one year after eliminating USDC in order to focus on stablecoin liquidity, cryptocurrency platform Binance is bringing trading pairs back with the currency. In a press statement on December 27, cryptocurrency exchange Binance said it is bringing back a select trade pairings using Circle’s USDC stablecoin. The release states that on December 28 at […]
Binance Quickens Delistings as Regulatory Pressure Intensifies
According to Kaiko, cryptocurrency exchange Binance increased its listing requirements after a 21% drop in the number of listed trade instruments in 2023. A recent report by Diving Into DEXs claims that Binance is now delisting companies more quickly after Changpeng Zhao, the company’s founder and former CEO, settled a $4.3 billion lawsuit with US […]
Coinbase Adds Crypto Payments to its Decentralized Wallet
Crypto exchange Coinbase (COIN) has updated its decentralized wallet, adding a low-cost way for users to send money to each other through messaging apps instantly. As part of its plan to encourage widespread use and simple payments, Coinbase Wallet now provides users with the ability to transfer cryptocurrency with a link provided via email and […]
Coinbase Cuts Crypto Investment Amid Wider VC Pullback
Coinbase, among the chief investors in the cryptocurrency sector, has reportedly reduced its startup funding. According to Bloomberg, Coinbase is the most recent firm to stop funding cryptocurrency-related companies as investor opinion has shifted toward caution. Coinbase Ventures, the U.S.-based cryptocurrency exchange’s investment arm, completed just 11 fundraising agreements in Q32023, down 64.5% from the […]